Logwin AG / Key word(s): Capital Increase
31.10.2010 19:38
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Grevenmacher, 31 October 2010
Logwin AG's Board has passed a resolution today to increase the share
capital against cash contribution partially utilising the authorised
capital. The share capital will be increased through the issuance of
34,782,609 new bearer shares.
Pre-emptive rights in respect of the new shares have been excluded. The new
shares will be subscribed by DELTON Vermögensverwaltung AG, Bad Homburg, at
an issue price of EUR 1.15 per new share.
The proceeds generated in connection with the capital increase amount to
EUR 40 million. Logwin AG intends to use the proceeds from the capital
increase, together with an additional amount of EUR 25 million from
available cash, to partially redeem the senior subordinated notes issued by
Logwin AG in December 2004. As a result of such redemption, the aggregated
nominal amount of the senior subordinated notes in the amount of EUR 130
million will be reduced to EUR 65 million. The partial redemption of the
senior subordinated notes is expected to occur in mid December 2010. A
corresponding redemption notice will be published shortly.
Contact:
Peer Brauer, Head of Investor Relations
P: 00352/719690-1112, F: 00352/719690-1359
ir-info@logwin-logistics.com
31.10.2010 19:38 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Logwin AG
an de Längten 5
L-6776 Grevenmacher
Luxemburg
Phone: +352 719 690 0
Fax: +352 719 690 1359
E-mail: ir-info@logwin-logistics.com
Internet: www.logwin-logistics.com
ISIN: LU0106198319
WKN: 931705
Indices: Prime All Share (PXAP), Classic All Share (CLXP), DAXsector
All Transportation & Logistics (4N87), DAXsector
Transportation & Logistics (CXPL), DAXsubsector All Logistics
(4N99), DAXsubsector Logistics (I1LB)
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Hamburg, München, Düsseldorf, Berlin, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: Logwin AG: Logwin AG resolves on capital increase
| Source: EQS Group AG